ENSO Forecast Value, Variable Climate and Stochastic Prices

We evaluate ENSO forecasts when prices are variable and ENSO is a portion of overall climatic variability. Forecast responses include crop mix, cultivar,fertilization, and planting date. Price changes reduce forecast value by excluding responses. Predictable income variability (ENSO-related), as a share of the total, evaluates forecast skill.

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Year of publication:	2001
Authors:	Letson, David ; Podesta, Guillermo ; Messina, Carlos ; Ferreyra, Andres
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Environmental Economics and Policy

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Extent:	application/pdf
Series:	2001 Annual meeting, August 5-8, Chicago, IL.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2001 Annual meeting, August 5-8, Chicago, IL Number 20562
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005807763